Section 10
Financial assistance from Government
of Promotion of Commercial Agriculture and Agro-based Industries Ordinance, 2004
—
(1)
The Government may provide grants, loans and other financial assistance upon such terms and conditions as the
Government may determine to enable the Company to implement or execute or carry out any direction, decision or plan of the Council or policy of the Government.
(2)
Any such grants, loans and financial assistance when provided under this section shall be accounted for in a special account maintained by the Company.
(3)
The Company shall, whenever required by the Council, submit true and accurate record of the loans, grants and financial assistance given by the Government under this section and of the moneys kept in the said special account.
(4)
The provisions of the Statutory Bodies (Financial and
Accounting Procedures) Ordinance, 1995 [Cap. 14] shall apply to the
Company in relation to the preparation of its annual estimates of revenue and expenditure, the auditing of its accounts and the submission of its annual audited accounts and annual report.